Homebuilders are in big trouble… Sales of newly constructed homes in the US absolutely tumbled in April and were well below expectations. Meanwhile the month’s supply of new home construction single family homes skyrocketed to 9 months (the highest levels since May 2010). This is according to a new report from the US Census Bureau.
No man is an island — and perhaps, instead of an individual buyer, that’s why the affluent suburb of Darien, Conn., is buying a grand private island located right in the town itself. The Wall Street Journal reports that the town — some 50 miles from New York City — has entered contract to purchase
Many renters believe that a cost-of-living crisis is brewing in America’s major cities. New York City is showing up as a hotspot of rent inflation. The average rent for 1-bedroom apartments in Manhattan rose to $3,995 a month in May 2022 — a 41% increase from one year ago, according to Zumper. Sudden, double-digit rent
A for sale sign is posted in front of a home that is listed for over $1 million on April 29, 2022 in San Francisco, California. Justin Sullivan | Getty Images Mortgage rates turned lower for the second straight week, but it wasn’t enough to boost demand for either new purchase loans or refinances, according
Serbia is a country caught in the middle of the conflict between Nato and Russia over the war in Ukraine. Serbia knows all too well what NATO aggression looks like. Now 60 days into this war, Clayton Morris visits Serbia to see what the people of Belgrade think of this conflict. 🚨 We’re being censored,
The 2022 Housing Crash has started. Home Prices are dropping by 20% in some neighborhoods. Check Zillow to see for yourself. The US Housing Market Bubble is turning into a Crash very fast. List Prices on Zillow in markets like San Francisco, Los Angeles, Seattle, and Denver are cratering. Homebuyer demand has collapsed off while
Fannie Mae just downgraded their economic & housing market forecast through 2023. They revised their forecast for real GDP growth, home sales, home prices and much more. In today’s video, I share all the latest details. ➜➜➜ Get Connected To a GREAT Real Estate Agent: https://homeandmoney.com/jason To give you a quick mortgage interest rates update,
In this article JPM WFC High home prices aren’t the only reason behind dwindling homeownership in the U.S. Banks and financial institutions aren’t issuing enough small-dollar mortgages that help families with modest incomes to purchase a property. “It is particularly hard for people who are buying smaller houses with smaller mortgages to find a lender
First they invaded Montauk, turning the once-quaint fishing village into the Hamptons lite. Now they’re taking over Greenport, Southold, Mattituck and Cutchogue. Residents of Long Island’s North Fork are furious about a post-pandemic influx of tourists and transplants turning their jut of land into a crowded playground for tone-deaf city folk, a k a “cityiots.”
Sales of newly built homes dropped 16.6% in April from March, far more than expected, and were down 26.9% from April 2021, according to the U.S. Census. The annualized rate came in at 591,000 units, seasonally adjusted. Analysts had been expecting 750,000. March’s read was also revised lower. That is the slowest sales pace since
Ozgurcankaya | E+ | Getty Images Before you book a rental property for a summer getaway, you may want to double check that you’re not getting scammed. This week, New York State Attorney General Letitia James issued a warning for consumers seeking rental properties. “Summer plans can quickly melt if consumers aren’t careful when they
Did George W. Bush just confess to leading a baseless war in Iraq? Or was that the confused ramblings of an aging man? We discuss this Freudian confession and the shockwave it sent through the Internet today. #warcrimes 🚨 We’re being censored, and it’s more important than ever to have a home away from these
Extreme Value analyst Mike Barrett shows why the 1970’s gives us a good model for predicting $10k/oz gold, and why investors should make inflation a part of their calculation in the coming months. Related: https://stansberryresearch.com/articles/our-best-opportunity-in-gold-since-the-last-financial-crisis Learn more about the Extreme Value newsletter and sign up today! – https://stansberryresearch.com/products/extreme-value __________________________________ Follow us on Facebook: https://www.facebook.com/stansberryresearch Follow
Here’s how you can close real estate deals anywhere from the comfort of your home office. Learn more at http://www.FreedomMentor.com